Every day, the world uses around one hundred million barrels of oil. The term “big oil” is used pejoratively to describe the industry’s lobbying power. But is big always better? This week, we look at both the biggest and the best, and the biggest and the worst of the oil industry. Big finds:...
Offshore rig owner Noble Corporation has won two new deals for its Noble Venturer drillship offshore Africa. Following the early completion of the Tullow Oil campaign in Ghana, expected to end in late May 2024, the driller will relocate the drillship to Equatorial Guinea to drill three wells – two...
https://splash247.com/noble-drillship-bags-two-contracts-in-africa/
Lady Gaga famously sang that she was “on the edge of glory”. This week, we look at four companies on the edge of….well, something. Let’s check in on two construction companies, a subsea mining venture, and our favourite wind turbine installer. McDermott on the edge Finally, a judge in the UK has...
Offshore engineering specialist Petrofac has been awarded a technical services contract by Equatorial Guinea’s national oil company GEPetrol to support operations on the region’s offshore Block B. Under the contract, valued at around $350m over five years, Petrofac will deliver technical services...
https://splash247.com/petrofac-bags-350m-services-deal-in-equatorial-guinea/
Gong Xi Fa Cai, Kung Hei Fat Choi, and Chúc mừng Năm Mới! Happy Lunar New Year to all our readers, and welcome to the Year of the Dragon. At least, this is one time of year where nobody will be sneaking abandoned offshore rigs and supply vessels out of Chinese shipyards to the market […]
The post COLUMN | Quick updates: Total buys a rig; Trident cans a rig; Standard sales succeed and fail; Saipem wins and loses corruption battles; Sapura hit with wind arbitration [Offshore Accounts] appeared...
The contract for the rig, owned by Norwegian rig owner Island Drilling, has been terminated by Trident Energy over safety issues, putting the brakes on the Equatorial Guinea offshore drilling campaign. Trident Energy awarded the deal for the 2012-built semisub in September 2022. The rig was...
https://splash247.com/trident-energy-terminates-deal-for-island-drilling-semisub/
Not long until Christmas now! On the first day of Christmas my true love gave to me… a partridge in a pear tree, according to the ancient English carol, but at Baird Maritime, we have already reached the second half of our Twelve Days of Christmas from an energy perspective. So, who replaces the seven […]
According to his carefully edited Wikipedia entry, Evangelos Marinakis “is a Greek media mogul, shipowner, lyricist, and member of the Piraeus city council. He is the founder and owner of Capital Maritime and Trading Corporation and also the owner of the football clubs Olympiacos in Greece and Nottingham Forest in England.” And now he is […]
This week we look at consequences: judicial consequences, legal consequences, the consequences of bad strategy and bad execution, and the inevitable consequences of high day rates. Ladies and gentlemen, there is a newbuilding anchor handler out there, being built as you read this. Adjust your forecasts accordingly. But first, we look at other consequences. Goh-Goh […]
Singapore-based Nortrans Offshore has landed a charter deal with Exxon Mobil for its accommodation support vessel in Equatorial Guinea. The contract for the 2015-built flotel, which started this month, will last potentially up until the end of this year, the Kjell Gauksheim-led company said. The...
https://splash247.com/nortrans-offshore-seals-accommodation-contract-with-exxon-mobil/